Ask Marco - Buy My Home First or Start Investing in Rental Properties? | PREI 179

Passive Real Estate Investing

Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

Business, Entrepreneurship, Education, Business:investing, How To, Investing

4.6 • 968 Ratings

🗓️ 29 August 2019

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ask Marco - Buy My Home First or Start Investing in Rental Properties? Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing: http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast. This will greatly help share our podcast with others wanting to learn. Thank you! . Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to passive real estate investing the show where busy people like you
0:04.7	learn how to build substantial passive income while creating wealth for the
0:08.7	long term and now here's your host Marco Santorelli.
0:12.3	Hello friends and welcome to another episode. Now here's your host, Marco Santorelli.
0:13.1	Hello friends and welcome to another episode of Ask Marco
0:16.2	where I answer your investing related questions.
0:19.7	Today's question comes from Vince,
0:21.9	and that's not his real name.
0:23.1	I just wanted to cover it up because of his question.
0:25.7	He says, hi, Marco, I'm a new fan of your podcast
0:28.9	and have listened to every episode available on Tune In. I'm 30 years old in a serious
0:35.2	relationship probably getting married in the next year, congratulations, and live an
0:39.7	hour away from New York City. My gross income is 120,000 and I have the
0:46.3	potential of earning additional income via overtime at my current job. My
0:50.7	fiance earns 55,000 gross. I am debt free and have 50,000 available for investing.
0:57.0	My credit score is 780. I really want to start investing in real estate.
1:02.0	The area I would like to buy my first home sells
1:06.2	anywhere from $300,000 up to $1 million depending on location. Well yes New York City is extremely expensive and so are many of the suburbs.
1:16.9	His question at the bottom here is, what do you think the best move for me is? first buy my own house, maybe a two-family house and
1:26.6	rent out one floor, or start investing in rental properties or anything else you recommend.
1:31.8	Okay, well Vince, great question.
1:35.0	First of all, I want to comment and say that you're in a great position financially
	...

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